Pakistan and IMF Reach Staff-Level Agreement on Economic Programme

Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement on the fourth review of Pakistan’s Extended Fund Facility (EFF) programme. The agreement also covers the third review under the Resilience and Sustainability Facility (RSF). The development was announced by the IMF on October 7, 2026.

What Is the Agreement About?

The agreement is part of Pakistan’s ongoing economic programme with the IMF. Under this programme, the IMF reviews Pakistan’s economic performance and the progress of different reforms. The latest review covers the EFF and RSF programmes as well as the IMF’s 2026 Article IV consultation.

Around $1.21 Billion Could Be Available

According to the reports, the agreement could allow Pakistan to receive around $1.21 billion in financing. About $1 billion would come under the EFF and around $210 million under the RSF. However, the financing is not yet final because the agreement still needs approval from the IMF Executive Board.

Why Is the IMF Programme Important?

The IMF programme is connected with Pakistan’s efforts to maintain economic stability and continue economic reforms. The reviews cover areas such as government finances, economic policies and reforms. Pakistan is expected to continue working on the commitments agreed under the programme.

What Happens Next?

The next important step is consideration of the agreement by the IMF Executive Board. If the Board approves it, Pakistan would be able to access the proposed financing under the two programmes. Until that approval takes place, the staff-level agreement should not be described as final financing.

Conclusion

The latest IMF agreement is an important development in Pakistan’s economic affairs. It shows that Pakistan and the IMF have reached another stage in their ongoing programme. The final outcome will depend on the IMF Executive Board’s decision and Pakistan’s continued implementation of the agreed economic policies.

News Source: International Monetary Fund (IMF)

Published: October 7, 2026

Original News: IMF Official Announcement

Additional Sources:Reuters and Dawn